Moody’s assigns Baa2 rating to GPA 2017 revenue bonds

NEW YORK — Moody’s Investor Services has assigned a Baa2 rating to Guam Power Authority’s revenue bonds 2017 series A, according to a Dec. 11 release. Moody’s defines a Baa2 rating as medium grade and subject to moderate credit risk. The 2017 Series A bonds are expected to be issued in an amount of around $146.5 million to refund the existing 2010 Series A bonds. The authority has around $565 million in senior revenue bonds outstanding . . .

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